Jacqueline J. Stanfill, Fraud and Money Laundering, Tennessee 2015

KNOXVILLE, Tenn. – A shocking case of investment fraud has come to light in Knoxville, Tennessee, leaving unsuspecting investors reeling. Jacqueline J. Stanfill, 58, of Knoxville, was arrested today in Knoxville by agents of the Federal Bureau of Investigation (FBI) and the Internal Revenue Service (IRS).

The investigation, which led to the indictment of Stanfill, revealed a brazen scheme allegedly defrauding individuals out of investment funds meant for Charles Schwab and Co. Instead of investing the funds with Schwab, Stanfill allegedly converted the money to her own personal use. The owner and operator of Stanfill Wealth Management in Knoxville, Stanfill’s actions have left a trail of financial devastation in her wake.

According to the indictment, which is on file with the U.S. District Court Clerk, Stanfill allegedly committed wire fraud, mail fraud, and money laundering. The indictment alleges that she induced individuals to provide her with funds for investment with Charles Schwab and Co., but instead used the money for her own gain. This heinous crime has left many wondering how such a scheme could have gone undetected for so long.

The FBI and IRS conducted the investigation, with Assistant U.S. Attorney Frank Dale representing the United States. Members of the public are reminded that these are only charges and that every person is presumed innocent until their guilt has been proven beyond a reasonable doubt.

The trial is set to take place on September 30, 2015, before the Honorable Leon Jordan, Senior U.S. District Court Judge. As the case unfolds, one thing is clear: the people of Knoxville will be watching closely to see justice served.

The people of Tennessee have been betrayed by the actions of Jacqueline J. Stanfill, and it is up to the authorities to ensure that she is held accountable for her crimes. As the investigation continues, we will provide updates on the case and bring you the latest developments.

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